Celeste has been a fish and hog meat vendor for 20 years now. She has a stall in the nearby public market. She makes P10,000 a month income from her business.
Celeste came from a poor family, but she believes that there is always a way to get out of it. In the later part of 2006, she joined the Center for Community Transformation (CCT) Credit Cooperative. She has carefully invested the proceeds of her previous loans in her business. It went well, and brought her enough income to augment her family’s daily needs, including her children’s education.
Now on her 12th loan cycle, she is requesting for a loan of P37,000. She will use the funds as additional capital for her fish and hog meat stand. Celeste is optimistic that she can bring her family out of poverty because of the progress of her business.
More information about this loan
On Friday November 8, 2013, Super Typhoon Haiyan made its way through Southeast Asia, causing substantial damage to homes and businesses in areas of the Philippines. Given the state of devastation following this storm, borrowers living and working in these areas may have difficulty making repayments on their loans, thus making their Kiva loans higher risk. More information >>
About the Center for Community TransformationThe Center for Community Transformation (CCT) is dedicated to the development of communities and lives via spiritual transformation and access to financial services. CCT offers loan products to address the needs of micro-entrepreneurs in the Philippines. The organization’s loan products include small business, education, and housing loans. CCT utilizes a community-based approach to provide a variety of non-financial services that include training and development programs, clinics, disaster relief operations, a low-cost medicine program, and social service programs. CCT offers a unique “Pavement Dweller” program designed to provide food, housing, and job training. CCT also provides education support services to the poorest groups in the Philippines. Find more information about CCT on their website or join their lending team.
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Success!! The loan was 100% repaid